Special purpose acquisition companies (SPACs) are transforming the IPO market. Institutional investors appreciate the transparency, access, and investment options of SPAC transactions over traditional IPOs. As a result, SPAC IPO issuance has accelerated, resulting in 121 public SPACs holding more than $34 billion in cash as of June 30, 2020 — and the third quarter of 2020 is seeing more of the same.
In our Q2 2020 SPAC market update, “Are SPACs Driving the Democratization of IPOs?” we explore:
Download the market update by clicking here.